The Latest from CPDC

More Affordable Housing Comes to Arlington Community Preservation and Development Corporation (CPDC) is working to provide more affordable housing in the county. CPDC recently completed a $26 million redevelopment of The Larkspur rental community to provide homes for county residents on the lower range of the income scale. READ MORE More affordable housing comes

Social-Purpose Equity Trust Expands Its Activities The Housing Partnership Equity Trust (Equity Trust) has kicked its activity into high gear by finalizing finance for the purchase of 300-unit Woodmere Trace apartments in the Norfolk/Hampton Roads area by the Community Preservation and Development Corp. (CPDC). READ MORE Social-Purpose Equity Trust

Norfolk Native’s Company Announces $20 Million Investment for Workforce Housing CPDC has publicized its investment in the Woodmere Trace apartment community. The community will focus on families who earn too much to qualify for housing subsidies. To date, there are few nonprofit real estate developers of scale in Norfolk

Workforce Housing Planned for Complex in Norfolk CPDC plans to renovate the Woodmere Trace apartment complex in Norfolk in which they have newly invested $20.7 million. Renovations planned for the 37 buildings include new kitchens, bathrooms, air conditioning and heating systems, etc. READ MORE Workforce housing planned for complex

CPDC Acquires Norfolk Apartment Communities for $20M CPDC’s acquisition of Woodmere Trace, a 300-unit workforce housing property in Norfolk, represents the DC nonprofit’s entrance into the Hampton Roads market. The deal is being financed through the Housing Partnership Equity Trust, or Equity Trust, a social-purpose REIT created to increase